Homes for sale - 2130 Main ST, Morro Bay, CA 93442

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The Warburton Team Brokered By EXp

andreww@gowpnow.com +1(626) 630-2141

$2,250,000

Est. payment - /mo

0.28 Acres Lot

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UPDATED:

Key Details

Property Type Condo

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Subdivision North Morro Bay (820)

MLS Listing ID SC25074638

HOA Y/N No

Year Built 1951

Lot Size 0.285 Acres

Property Sub-Type Apartment

Property Description

Welcome to Morro Bay where you can still invest and have the numbers make sense. This complex has developed into a very solid, income producing property with EXCELLENT tenants. It is very quiet, no drama, and most of the tenants have been there for years. There was great care in the placement of each tenant over time, and the complex is now a wonderful place to live, and an even more wonderful place to manage. There is plenty of parking and even laundry facilities on site which add to the income. The overhead is very low. Almost none to report. The landscape is very low maintenance and tenants maintain their areas. The building is older, so there have been repairs due to weather over the years, but the owner has kept up with anything that has come up. Prior to the current owner, there had been many modifications over the years to the units. It is hard to know what the original floor plans were, but things have been updated cosmetically, so the older modifications look great. The whole complex is only electric, so the utilities are basic and very low for the tenants. We charge $50 per person for water/trash/sewer as well. This is a great, HUGE lot in what is quickly becoming a very desirable neighborhood.

Location

State CA

County San Luis Obispo

Area Mrby - Morro Bay

Zoning CIN

Interior

Heating Electric

Fireplace No

Laundry Common Area

Exterior

Pool None

Community Features Biking, Curbs, Mountainous

Utilities Available Sewer Connected

Private Pool No

Building

Lot Description 0-1 Unit/Acre

Story 2

Entry Level Multi/Split

Sewer Public Sewer

Water Public

Level or Stories Multi/Split

New Construction No

Others

Senior Community No

Tax ID 068281024

Acceptable Financing Cash

Listing Terms Cash

Special Listing Condition Standard

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Listed by Ginger Woods • Paramount Properties • 805-550-8943

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